Home BUSINESS Sam Pa, Chinese billionaire, building Angola’s new international airport

Sam Pa, Chinese billionaire, building Angola’s new international airport Updated for 2021

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Updated: February 26, 2021


Sam Pa, a 60-year-old Chinese billionaire and President of China International Fund (CIF), is building Angola’s new airport.

Mr Pa is building the Aeroporto Internacional de Angola or Angola International Airport near Luanda.

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The facility, set to open next year or 2020, will be an alternative to the existing Quatro de Fevereiro International Airport.

Angola, like many African nations, is suffering from widespread infrastructure challenges and is turning to China and the West for solutions. 

The construction of the new airport is in the hands of a consortium of Chinese companies. But the main contractor is the China International Fund (CIF).

It is a privately-owned Hong Kong-registered company and a leading player in Africa’s resource markets. CIF is said to have acquired shares in a dozen oil fields in Angola.

The company has pledged over $18 billion of investments in several African countries in recent years. 

TODAY NEWS AFRICA in Washington DC could not reach Mr Pa after an online newspaper alleged that some of his projects in Angola have been criticized and remained uncompleted.

CAJNews reported that the reconstruction of the Benguela railway line is attracting criticism from locals.

The opening of the new airport was originally scheduled for 2015/2016 but is lagging over intermittent funding challenges, the medium alleged, an information not verified by this newspaper. 

Some also see the construction of the new airport as a continuation of Pa’s, CIF’s and by extension, China’s monopoly on Angola Construction projects, and accuse the Chinese company of employing mainly Chinese laborers rather than the locals. 

This newspaper is trying to reach out to Mr Pa and would update this business article.

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Simon Ateba
Simon Ateba
Simon Ateba covers the White House, the U.S. government, the International Monetary Fund, the World Bank and other financial and international institutions for Today News Africa in Washington D.C. Simon can be reached on simonateba@todaynewsafrica.com

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